|Bid||1.96 x 800|
|Ask||2.10 x 2200|
|Day's Range||1.9600 - 2.0300|
|52 Week Range||1.2100 - 2.5000|
|Beta (3Y Monthly)||1.24|
|PE Ratio (TTM)||1.95|
|Earnings Date||Mar 4, 2019 - Mar 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.00|
Shares of TheStreet Inc. rocketed 32% to pace all Nasdaq gainers in very active afternoon trade Thursday, after the financial-news company, which was co-founded by markets commentator Jim Cramer, said it was selling its institutional business units for $87.3 million to Euromoney Institutional Investor PLC, and that Chief Executive David Callaway, a former MarketWatch editor-in-chief, will resign. Trading volume topped 12.1 million shares, compared with the full-day average of about 105,000 shares. The units being sold are the Deal and BoardEx, which reported revenue of $23.8 million in 2017, or about 38% of the company's total revenue. Following the close of the sale, the company expects to reduce its costs and corporate overhead, given the reduction in overall headcount and operations. Succeeding Callaway as CEO will be Eric Lundberg, who will also continue in his role of chief financial officer. "The primary goal of our board and management team has always been to maximize shareholder value, and the sale of our B2B business to Euromoney is a unique opportunity to do just that," Callaway said. The stock has still lost 7% over the past three months, while the Nasdaq Composite has shed 10.5% and the S&P 500 has given up 7.8%.
TheStreet said it entered into an agreement to sell The Deal and BoardEx units to Euromoney Institutional Investor PLC, a global business information and events group. The deal was unanimously approved by a special committee of independent directors and a "substantial portion" of the $87.3 million in net proceeds from the sale will be distributed to shareholders. TheStreet CEO David Callaway will resign once the transaction is completed, the company said.
Euromoney Institutional Investor PLC on Thursday, Dec. 6, said it agreed to buy the institutional units of TheStreet Inc. The London-listed company will pay $87.3 million in cash for the unit that comprises The Deal, which was founded in 1999 by the late Bruce Wasserstein, and relationship mapping service BoardEx. The deal will be funded from existing facilities.
Financial news provider TheStreet Inc on Thursday said it will sell its B2B business units, The Deal and BoardEx, to London-based Euromoney Institutional Investor Plc for $87.3 million, as it explores wider options for the company. TheStreet was co-founded in 1996 by Jim Cramer, a commentator on CNBC and the host of its Mad Money show. Chief Executive Officer David Callaway will resign from the company after the completion of the transaction, it said in a statement.
TheStreet, the US financial news service founded by business television star Jim Cramer, has sold its two business-to-business brands to Euromoney for $87m and announced the exit of its chief executive from the diminished company. Euromoney will pick up The Deal and BoardEx, which had revenues of just under $24m in 2017, amid an “ongoing review of strategic alternatives to enhance shareholder value” at TheStreet. The US group had acquired The Deal, which provides data and news on mergers and acquisitions, private equity and restructurings, in 2012, and BoardEx, a database of executive profiles, in 2014.
NEW YORK, Dec. 6, 2018 /PRNewswire/ -- TheStreet, Inc. (TST), a leading financial news and information company, today announced that it has entered into a definitive purchase agreement (the "Agreement") to sell its institutional business units, The Deal and BoardEx (the "B2B Business"), for $87.3 million to Euromoney Institutional Investor PLC ("Euromoney"), the global business information and events group. The Agreement was unanimously approved by TheStreet's Board of Directors (the "Board") upon recommendation of the special committee of independent directors. The Company expects that a substantial portion of the net proceeds from the sale will be distributed to TheStreet's stockholders.
NEW YORK, Nov. 21, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Q3 Marks Upward Trend in Deferred and Earned Subscription Revenue NEW YORK , Nov. 14, 2018 /PRNewswire/ -- TheStreet, Inc. (Nasdaq: TST) a leading financial news and information company, today reported ...
NEW YORK , Nov. 12, 2018 /PRNewswire/ -- The Deal , a business unit of TheStreet, Inc. (NASDAQ: TST), announced the winners of The European Deal Awards at a ceremony at Aqua Shard in London . The Deal ...
NEW YORK , Nov. 6, 2018 /PRNewswire/ -- TheStreet, Inc. (NASDAQ: TST), a leading digital financial media company, will announce its third quarter 2018 financial and operating results on Wednesday, November ...
NEW YORK , Oct. 11, 2018 /PRNewswire/ -- The Deal , a business unit of TheStreet, Inc. (NASDAQ: TST), today announced an impressive line-up of speakers for its 16th annual Deal Economy Conference, which ...
NEW YORK, Oct. 1, 2018 /PRNewswire/ -- The Deal, a business unit of TheStreet, Inc. (TST), today published its preliminary league tables for the third quarter of 2018, highlighting the top global advisers involved in mergers and acquisitions, bankruptcy, out-of-court restructuring, private equity deals and life settlements. "The M&A market cooled off in the third quarter after a blistering start to 2018," notes David Marcus, senior writer for The Deal. Rankings include the names of lead M&A and/or corporate partners at law firms who represented principals and investment advisers.
Deferred Revenue Growth Highlight Continued Turnaround NEW YORK , Aug. 8, 2018 /PRNewswire/ -- Effective June 20, 2018 , The Street, Inc. completed the sale of its RateWatch business. As a result, RateWatch ...
NEW YORK, NY / ACCESSWIRE / August 8, 2018 / TheStreet, Inc. (NASDAQ: TST ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 8, 2018 at 8:00 AM Eastern Time. To ...
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NEW YORK , Aug. 3, 2018 /PRNewswire/ -- TheStreet, Inc. (NASDAQ: TST), a leading financial news and information company, will announce its second quarter 2018 financial and operating results on Wednesday, ...
NEW YORK , July 12, 2018 /PRNewswire/ -- The Deal , a business unit of TheStreet (NASDAQ: TST), will bring its popular forecasting conference to Chicago for the first time this fall to examine the outlook ...
NEW YORK, July 2, 2018 /PRNewswire/ -- The Deal, a business unit of TheStreet, Inc. (TST), today published its preliminary league tables for the second quarter of 2018, highlighting the top global advisers involved in mergers and acquisitions, bankruptcy, out-of-court restructuring, private equity deals and life settlements. Taking the top spots for M&A are Kirkland & Ellis LLP, Goldman, Sachs & Co. and Innisfree M&A Inc. "The first half of 2018 saw a bevy of big deals, with 16 transactions of $10 billion or more involving a U.S. company announced so far this year," observed David Marcus, Senior Writer of The Deal.
NEW YORK, July 2, 2018 /PRNewswire/ -- TheStreet, Inc. (TST), a leading financial news and information company, today announced that the Company has joined the Russell Microcap® Index as part of the Russell indexes' annual reconstitution, effective as of Monday, June 25, 2018. FTSE Russell determines membership for its Russell U.S. Indexes primarily by objective, market-capitalization rankings and style attributes. Approximately $9 trillion in assets are benchmarked against Russell U.S. Indexes.
Kirkland & Ellis Lead the Way with Five Awards; Cravath and Skadden Take Home Four Each The Deal of the Year Goes to the Advisors on the Sempra Energy Acquisition of Oncor Electric Delivery NEW YORK , ...
NEW YORK, June 20, 2018 /PRNewswire/ -- S&P Global (SPGI), a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital, corporate and commodity markets worldwide, announced today that it is set to acquire the RateWatch business (RateWatch) from TheStreet, Inc. (TST), a B2B data business that offers subscription and custom reports on bank deposits, loans, fees and other product data to the financial services industry. RateWatch, which was founded in 1989, was acquired by TheStreet in 2007. It will be integrated into S&P Global Market Intelligence, a division of S&P Global that provides essential intelligence for individuals, companies and governments through financial and industry data, research and news.
NEW YORK, June 20, 2018 /PRNewswire/ -- TheStreet, Inc. (TST), a leading financial news and information company, announced today that it has sold its RateWatch business for $33.5 million to S&P Global (SPGI), a leading provider of transparent and independent ratings and data to the capital, corporate and commodities markets worldwide. RateWatch, which is based in Fort Atkinson, Wisconsin, provides more than 4,200 bank and credit union clients with a robust deposit and loan rate database covering 100,000 locations and dating back 20 years. RateWatch has approximately 60 employees and 2017 revenues of approximately $7.7 million.
NEW YORK , June 12, 2018 /PRNewswire/ -- TheStreet, Inc. (NASDAQ: TST), a leading financial news and information company, announced today that its namesake brand, TheStreet.com will be the exclusive media ...